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Owner Stroll: Aston Martin will continue to be in F1 for many decades.

Lawrence Stroll, the team owner of the Silverstone-based outfit, said that the Aston Martin brand would be present in Formula One for many decades to come.

Aston Martin has announced that it will raise more than 125 millions pounds ($161.9million) from Stroll, the company's chairman, as well as the sale of the stake in its F1 team, which is controlled and owned by the Canadian.

The billionaire stated in a press release that "these moves demonstrate Aston Martin's position on the Formula One Grid is as secure and ever."

Aston Martin and its British racing-green colours will continue to compete in Formula One, thanks to the long-term sponsorship agreement that AML has signed with AMF1.

The team's title sponsor, Saudi energy giant Aramco said Stroll had asked investment bank Raine Group for help in finding a buyer for Aston Martin stake.

They said that Rainey would work closely with AMF1’s commercial chief Jeff Slack in order to find a strategic investor, who could add value long-term to the team and brand. (Reporting Alan Baldwin; editing by Ken Ferris).

(source: Reuters)